Posted on 11/23/2008 8:43:25 AM PST by ovrtaxt
You may want to clarify that Austrian school type free markets are not real-world tested. There are many examples, including our own, of various types of free markets (as well as now which is a textbook case of what happens when you reduce the ‘free’ in free markets.)
Another of my favorite Mises quotes! Hayek as well had thoughts on money’’’’’’’’
With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.” Frederick Hayek
“There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.”
- Ludwig von Mises
“The governments alone are responsible for the spread of the superstitious awe with which the common man looks upon every bit of paper upon which the treasury or agencies which it controls have printed the magical words legal tender.”
-Ludwig Von Mises
“How pale is the art of sorcerers, witches, and conjurers when compared with that of the government’s Treasury Department!”
- Ludwig von Mises
“If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.”
- Ludwig von Mises
“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.”
- Thomas Jefferson
“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.”
- Congressman Louis T. McFadden in 1932
I think that's somewhat unfair to Paul. I think he believes in American exceptionalism, but doesn't believe it extends to unilateral military moves or the right to dictate policy to sovereign states without repercussions. I am sympathetic to that view without endorsing it fully.
I was just sending some info on where to get general info on the Austrian School. One could also read Socialism by Von Mises and get a good understanding of the theories behind the Austrain school.
I have yet to find where he has ever made a statement about American exceptionalism. He blames us for financial crisis, military crisis, etc. It isn’t just the current war, it is his entire history. He said Ronald Reagan made Jimmy Carter look conservative. Regarding the current war, just as you stated, he falsely keeps using the left’s statements of ‘unilateral’ and even falsely states it was unconstitutional.
There are strips in the money, the Amero is under discussion and someone is certainly going through a lot of trouble to give taxpayers monies to bail out banksters.
For myself, the one thing that is not being talked about, and never is, Process...where are we heading from say a 1987 view, and a 1997 view and a 2007 view?
It’s as if folks, though well meaning, expect all of those things to happen overnight, the politicos who implement this stuff are much more clever then that, this process occurs over decades, not months, or even a span of 2-3 years.
Yet Paul stated the whole structure was going to crash and burn, he said that during the primaries and was laughed at, but after 10 yrs of CRA induced GIGO for FDIC insured agencies look what happened...
If someone had said, someone in National Office had said, “the banks are going to collapse in 4 years” in 2004, they would have been laughed at...and yet..
I understand, just pointing that out.. Rockwell’s site twists the Austrian school’s theory and we have a whole generation who have an incomplete, sometimes inaccurate view because of that site. I would suggest Mises’ The Theory of Money and Credit & The Austrian Theory of the Trade Cycle and Other Essays. Go to the source...
Please don’t say you buy into the conspiracy theory that the ‘strips in money’ are tracking chips.
Go ahead and define free markets. Are they regulated?
Hmm.. I didn’t see it that way, to me he was not naming the US as the locus of the World’s problems, rather Paul was saying that America has run off of her Constitutional Rails.
For example, he was not in favor of the War in Iraq, his specified reason was the lack of a Declaration of War, however he also said that if we went to war, we should not have a pit stop in the UN for a permission slip, the Constitution does not require such a “Nanny May I...” before America goes to war.
That said, his argument falls down at the idea that we should just cut and run and pull everyone out ASAP, IMO he erred in that position.
The problem is, anyone can make statements like this and the prediction will come true. I predict now that in one year, businesses will go bankrupt. Does this mean I have special knowledge? No, it means that it is common sense that businesses will go bankrupt. They always do. Paul isn't special, nor is he a prophet. He is a professional naysayer, throwing shotgun blasts of predictions, hoping a few will hit the bulls eye. Far too many put him on a pedestal that he doesn't deserve.
Maybe I do...maybe I don’t...LOL!
Naah, but you’ve got to say, we are printing more money then we ever had before, basically devaluing the currency via the printing press...
No, but the Constitution specifically gives congress the authorization to ‘Define and punish offenses against the laws of nations’.. the Constitution also declares that any treaties made are to be considered high law of the land. This isn’t saying “nanny may I”, this is the Constitution giving us the tools to use these types of laws/groups as we need, and if we do go into a treaty, such as the treaties we’ve signed with NATO or the UN, we must honor our treaties (our word), unless we Constitutionally de-ratify those treaties.
Using a UN resolution isn’t asking their permission. The UN resolution is a tool that we used for our purposes. It allowed 30+ other nations to legally support us by the fact that they are also signatories to that treaty.
The war issue is just another way Paul picks and chooses from the Constitution for his own purpose the same way that Fred Phelps picks and chooses from the Bible.
Not businesses in general, but Banks specifically, I can recall Paul being laughed at this early spring in the Debates when he said the banks would crumble, literally, McCain and Romney were chuckling..and yet...
And you will not here me say Paul is some sort of Guru, he does stick to Constitutionalism, and based on variation from that standard, we can see the results in the country.
Disagree completely, the UN had a Veto over our going to war in Iraq, such a notion is antithetical to the Constitution.
“Free markets and Austrian economics aren’t sufficiently defined or tested in the real world.”
Socialist.
Thank you for pointing that out because you just disproved your original point that we went to the UN with a ‘nanny may I” comment... their Veto power did nothing. IE, we didn’t ask their permission, we had a resolution, and we used it. They are a tool, not a boss. Let’s go back to the aforementioned Article 1 statement.. “Congress is authorized to define and punish offenses against the laws of nations”... Notice the Constitution didn’t say just ‘punish’ but to define and punish, ie, it is Congress’ job to determine what offenses against these laws of nations we enforce, for our own purposes.. our needs trump others.
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